Build-A-Bear Workshop (NYSE:BBW) Shares Down 8.8% – Here’s What Happened

Build-A-Bear Workshop, Inc. (NYSE:BBW) was down 8.8% on Monday . The stock traded as low as $39.45 and last traded at $38.61. Approximately 30,581 shares traded hands during trading, a decline of 89% from the average daily volume of 283,204 shares. The stock had previously closed at $42.34.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Northland Securities raised their target price on Build-A-Bear Workshop from $38.00 to $55.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. StockNews.com raised Build-A-Bear Workshop from a “hold” rating to a “buy” rating in a research note on Thursday, December 19th. Finally, DA Davidson boosted their price objective on Build-A-Bear Workshop from $40.00 to $50.00 and gave the company a “buy” rating in a report on Friday, December 6th.

Build-A-Bear Workshop Price Performance

The business’s fifty day moving average price is $42.33 and its 200-day moving average price is $35.98. The stock has a market capitalization of $514.15 million, a price-to-earnings ratio of 10.17 and a beta of 1.50.

Build-A-Bear Workshop (NYSE:BBW) last released its quarterly earnings results on Thursday, December 5th. The specialty retailer reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.03. Build-A-Bear Workshop had a return on equity of 38.35% and a net margin of 10.58%. During the same quarter in the prior year, the company posted $0.53 earnings per share. Equities research analysts predict that Build-A-Bear Workshop, Inc. will post 3.71 earnings per share for the current fiscal year.

Build-A-Bear Workshop Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Wednesday, November 27th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date was Wednesday, November 27th. Build-A-Bear Workshop’s payout ratio is currently 21.28%.

Insiders Place Their Bets

In other Build-A-Bear Workshop news, insider J. Christopher Hurt sold 12,635 shares of the business’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $39.53, for a total value of $499,461.55. Following the transaction, the insider now directly owns 49,386 shares in the company, valued at $1,952,228.58. The trade was a 20.37 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Vojin Todorovic sold 5,000 shares of Build-A-Bear Workshop stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $40.08, for a total transaction of $200,400.00. Following the completion of the sale, the chief financial officer now directly owns 70,695 shares in the company, valued at $2,833,455.60. This trade represents a 6.61 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 175,713 shares of company stock valued at $7,580,622 in the last three months. 7.90% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Build-A-Bear Workshop

Large investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp lifted its holdings in Build-A-Bear Workshop by 77.5% during the fourth quarter. Bank of New York Mellon Corp now owns 180,045 shares of the specialty retailer’s stock valued at $8,289,000 after purchasing an additional 78,629 shares during the last quarter. New York State Teachers Retirement System purchased a new stake in shares of Build-A-Bear Workshop during the 4th quarter valued at approximately $53,000. Savant Capital LLC lifted its stake in shares of Build-A-Bear Workshop by 22.8% during the 4th quarter. Savant Capital LLC now owns 9,032 shares of the specialty retailer’s stock valued at $416,000 after buying an additional 1,678 shares in the last quarter. Bleakley Financial Group LLC boosted its holdings in Build-A-Bear Workshop by 15.8% in the 4th quarter. Bleakley Financial Group LLC now owns 8,670 shares of the specialty retailer’s stock worth $399,000 after buying an additional 1,183 shares during the period. Finally, Lion Street Advisors LLC purchased a new position in Build-A-Bear Workshop in the 4th quarter valued at approximately $249,000. Hedge funds and other institutional investors own 79.30% of the company’s stock.

About Build-A-Bear Workshop

Build-A-Bear Workshop, Inc operates as a multi-channel retailer of plush animals and related products in the United States, Canada, the United Kingdom, Ireland, and internationally. The company operates through three segments: Direct-to-Consumer, Commercial, and International Franchising. Its merchandise comprises various styles of plush products to be stuffed, pre-stuffed plush products, and sounds and scents that can be added to the stuffed animals, as well as range of clothing, shoes and accessories, and other toy and novelty items, including family sleepwear.